Mortgage Rates in U.S. Hit Another Historic Low in Early July

According to Freddie Mac’s latest Primary Mortgage Market Survey, the 30-year fixed-rate mortgage (FRM) averaged 3.03 percent in the U.S. It is the lowest rate in the survey’s history dating back to 1971. “The summer is heating up as record low mortgage rates continue to spur homebuyer demand,” said Sam Khater, Freddie Mac’s Chief Economist. “However,…

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Florida’s initial unemployment claims show slight improvement

Florida saw a slight decrease in week-over-week first-time unemployment claims for the week ending June 27 — but it still ranked among the worst five states. Total first-time claims in Florida were 84,608, down from 95,683 the previous week, according to the U.S. Department of Labor. Florida was No. 5 in the nation for the…

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Economy’s next big problem: Managing bad loans

For the most part, the U.S. economy has been in emergency mode for the past three months – with the government printing money to keep the wheels turning. The pandemic unleashed a series of debilitating blows that clearly has crippled the economy and forced billions of people across the world to adjust their behavior when it…

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